Cintas Corporation $CTAS Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of Cintas Corporation (NASDAQ:CTAS) by 80.0% in the third quarter, HoldingsChannel reports. The fund owned 36,434 shares of the business services provider’s stock after selling 145,788 shares during the quarter. SG Americas Securities LLC’s holdings in Cintas were worth $7,478,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Cintas by 800.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 144 shares of the business services provider’s stock valued at $32,000 after buying an additional 128 shares during the period. Alpine Bank Wealth Management boosted its holdings in Cintas by 1,092.9% in the third quarter. Alpine Bank Wealth Management now owns 167 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 153 shares during the last quarter. Golden State Wealth Management LLC grew its position in Cintas by 3,925.0% during the second quarter. Golden State Wealth Management LLC now owns 161 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 157 shares during the period. Addison Advisors LLC increased its stake in Cintas by 57.0% during the second quarter. Addison Advisors LLC now owns 168 shares of the business services provider’s stock worth $37,000 after acquiring an additional 61 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its stake in Cintas by 84.0% during the third quarter. Salomon & Ludwin LLC now owns 184 shares of the business services provider’s stock worth $37,000 after acquiring an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 63.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CTAS has been the subject of a number of research reports. Wells Fargo & Company set a $205.00 target price on Cintas and gave the stock an “equal weight” rating in a report on Friday, December 19th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $206.00 price objective on shares of Cintas in a research note on Friday, December 19th. Citigroup reissued a “sell” rating and issued a $181.00 target price (up previously from $176.00) on shares of Cintas in a research note on Monday, December 22nd. Rothschild Redb upgraded shares of Cintas from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Morgan Stanley lowered their price target on Cintas from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $212.00.

Cintas Trading Up 1.5%

NASDAQ CTAS opened at $193.12 on Friday. The stock has a market cap of $77.23 billion, a P/E ratio of 56.30, a PEG ratio of 3.27 and a beta of 0.97. The company’s fifty day simple moving average is $186.42 and its 200-day simple moving average is $200.98. The company has a current ratio of 1.71, a quick ratio of 1.49 and a debt-to-equity ratio of 0.54. Cintas Corporation has a 52 week low of $180.39 and a 52 week high of $229.24.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.01. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. Cintas had a net margin of 17.58% and a return on equity of 41.07%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 EPS. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. Equities research analysts predict that Cintas Corporation will post 4.31 EPS for the current fiscal year.

Cintas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 14th were paid a $0.45 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. Cintas’s payout ratio is 52.48%.

Cintas declared that its Board of Directors has initiated a share buyback plan on Tuesday, October 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Cintas Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.